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6351 Westminster Boulevard

BA Debt Fund LLC Secures $4.4 Million Loan For Retail Asset In Westminster
FINANCEDRetail

BA Debt Fund LLC Secures $4.4 Million Loan For Retail Asset In Westminster

6351 Westminster Boulevard

$4,400,000

$176/SF

Building Size

25,000 SF

Asset Type

Retail

Closing

Feb 3, 2025

AI

The property involved in this transaction is a retail asset located at 6351 Westminster Boulevard in the Westminster market, encompassing a total square footage of 25,000. The acquisition loan for this asset was set at $4,400,000 with terms spanning 18 months.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,400,000
  • Loan Type: Acquisition
  • Loan Terms: 18 Months
  • Lender: BA Debt Fund LLC
  • Broker: Steven Smith - Venture West Funding
  • Representatives: Clay Goldthwait & Hiren Naik - Bolour Associates, Inc.

The deal involved key participants including Clay Goldthwait and Hiren Naik from Bolour Associates, Inc., who served as representatives for the lending entity, BA Debt Fund LLC. Steven Smith from Venture West Funding acted as the broker facilitating the acquisition loan.

Players

Steven Smith

Venture West Funding

Broker

$4.4M

vol

1 deal

Broker
Bolour Associates
Bolour AssociatesLender

Westminster Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93